$51.5B
The cloud crossed $50B
Microsoft Cloud revenue was $51.5B, up 26%, and Azure grew 39%. Customers have committed to a record $625B of future spending (commercial remaining performance obligation, +110%).
Microsoft's revenue rose 17% to $81.3B as its cloud business passed $50B in a quarter for the first time — and a $7.6B gain on its OpenAI stake lifted headline profit 60%.
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Charts in billions are hard to feel. Here is the same quarter, shrunk down: for every $100 Microsoft took in, this is where it went.
The rows may not add exactly due to rounding.
If you only remember three numbers from this quarter, make it these.
Microsoft Cloud revenue was $51.5B, up 26%, and Azure grew 39%. Customers have committed to a record $625B of future spending (commercial remaining performance obligation, +110%).
GAAP net income jumped 60% to $38.5B, but $7.6B of it was a paper gain on the OpenAI investment. Excluding that (non-GAAP), profit was $30.9B, up 23%, and EPS was $4.14 rather than $5.16.
More Personal Computing — Windows, Xbox, Surface and search ads — fell 3% to $14.3B, the only declining piece, while the two business segments grew 16% and 29%.
Things that make this quarter look different from a normal one — so you don't mistake them for the trend.
The same chart, for every quarter we've covered.